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Jan 9, 2013
01/13
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CNBC
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this president has made clear he not only wants the debt ceiling raised. let's not forget, he wanted the debt ceiling eliminated. that is the kind of negotiating that he is putting forward even though he said he is going to have to negotiate. that is what he said for a long time. if the gop plays his cards right and sticks to the spending see kwaester, i think that will put obama back think the defense. stick around. we have much more cooking for you. but look, i shothought obamacar was supposed to keep costs down. we are going to tell you why. later on, team obama going all out an gun control. i'm glad they are meeting with the nra. but now senator feinstein wants to ban gun control. we'll be right back. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card fr
this president has made clear he not only wants the debt ceiling raised. let's not forget, he wanted the debt ceiling eliminated. that is the kind of negotiating that he is putting forward even though he said he is going to have to negotiate. that is what he said for a long time. if the gop plays his cards right and sticks to the spending see kwaester, i think that will put obama back think the defense. stick around. we have much more cooking for you. but look, i shothought obamacar was...
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just put up a bill to eliminate the debt ceiling what's the purpose of having a debt ceiling if we raise it every time we get to it because nobody wants to vote to eliminate the debt ceiling because they want to pretend that they care about the debt but everybody wants to increase it because they don't want to cut any spending but if you want to look at the markets if the markets are selling off on the false crisis that we might not increase the debt ceiling clearly there's opportunities because we know they're going to increase the debt ceiling but ultimately the biggest crisis not it doesn't come because we fail to raise the debt ceiling but because we do raise it and we repeatedly raise it and that's why the country is broke i think because there actually is some talk about kind of getting rid of the debt limit i mean even if the president were to use the fourteenth amendment solution as speaker the house nancy pelosi has suggested he should do that would kind of by the fall get rid of the debt limit but one last question here about a month ago a baby panda was born at the national zo
just put up a bill to eliminate the debt ceiling what's the purpose of having a debt ceiling if we raise it every time we get to it because nobody wants to vote to eliminate the debt ceiling because they want to pretend that they care about the debt but everybody wants to increase it because they don't want to cut any spending but if you want to look at the markets if the markets are selling off on the false crisis that we might not increase the debt ceiling clearly there's opportunities...
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Jan 15, 2013
01/13
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FBC
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there is a reason that debt ceiling raised with congress. that is a reason they have to start using the president's language and site we have to have a baland approach. if you want the debt ceiling raised come at some point we're going to have to address spending cuts. this is as good a time as any. i don't think they should go all in, draw a line in the sand and shut the government down because the public doesn't know a heck of a lot about this. they could be the recipient of the blame for this. gerri: use a dollar for dollar doesn't work. >> it will not stop the debt from growing as a percent of gdp because the gap is too large. >> i'm not saying it will balance the budget. we have to start the conversation, this is a good place to start making inroads. that is when republicans really have to draw the line in the sand. gerri: you were saying, which i thought was interesting, somewhat at odds with the conservative pundits that has to be some negotiation, give or take on both sides. >> what i said was any increase in taxes on income that wou
there is a reason that debt ceiling raised with congress. that is a reason they have to start using the president's language and site we have to have a baland approach. if you want the debt ceiling raised come at some point we're going to have to address spending cuts. this is as good a time as any. i don't think they should go all in, draw a line in the sand and shut the government down because the public doesn't know a heck of a lot about this. they could be the recipient of the blame for...
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Sep 28, 2013
09/13
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KCSM
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the borrowing and the continuous raising of the debt ceiling. why don't these politicians just put up a bill to eliminate the debt ceiling, what is the purpose of having a debt ceiling if we raise it every time we get to it as nobody wants to vote to eliminate the debt ceiling because they want to pretend they care about the debt but everyone wants and increase. if you want to look at the markets if the markets are selling off on the false crisis that we might not increase the debt ceiling, there is opportunities because we now they're going to increase the debt ceiling but ultimately, the biggest crisis does not come because we failed to raise the debt ceiling but because we do raise it and we repeatedly raise it and that is why the country is rogue. >> there is some talk about getting rid of the debt limit. even if the president were to use the 14th amendment solution as speaker nancy pelosi has suggested he do. that would by default get rid of the debt limit. about a month ago a baby panda was born at the national zoo. we are in these critica
the borrowing and the continuous raising of the debt ceiling. why don't these politicians just put up a bill to eliminate the debt ceiling, what is the purpose of having a debt ceiling if we raise it every time we get to it as nobody wants to vote to eliminate the debt ceiling because they want to pretend they care about the debt but everyone wants and increase. if you want to look at the markets if the markets are selling off on the false crisis that we might not increase the debt ceiling,...
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Oct 9, 2013
10/13
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WUSA
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if congress raises the debt ceiling it could get worse. >> reporter: the u.s. treasury already using emergency measures to pay its bills but by october 17th will be down to $30 billion. >> reporter: mark patterson former treasury chief of staff under president obama says before the end of this month the u.s. government will owe $12 billion in social security payments and $6 billion in interest payments on the debt. and on the first of next month, another $58 billion is due in social security, medicare, and military and veterans benefits. the president would have to decide who to pay and who to delay. >> when i was at the treasury, we looked at all the options for sort of contingency plans. they all have sort of god-awful consequences. >> reporter: if, for example, the government can't pay interest on the treasury bills, it could cause chaos in the financial markets. as lloyd blankfein said at the white house last week -- >> we're the most important economy in the world, reserve currency in the world. payments have to go out to people. if money doesn't flow in,
if congress raises the debt ceiling it could get worse. >> reporter: the u.s. treasury already using emergency measures to pay its bills but by october 17th will be down to $30 billion. >> reporter: mark patterson former treasury chief of staff under president obama says before the end of this month the u.s. government will owe $12 billion in social security payments and $6 billion in interest payments on the debt. and on the first of next month, another $58 billion is due in social...
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Oct 7, 2013
10/13
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WBAL
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negotiateobama could on different concessions to raise the debt ceiling. democrats do not think it would happen. you could see both sides give a little or a lot on taxes and spending cuts. ande hit the debt ceiling watch to see what happens with the markets. >> that would be the worst-case scenario affecting everyone. hallie jackson, thank you. >> the shutdown is bring some business to baltimore attractions. people want to read book school trips because of closures in washington, d.c. same story at the national aquarium. fins. to see some new 1700 animals will be moved because the d.c. acquire him closed due to construction. was seriously injured this weekend. kim dacey has the details. how is she doing? istrooper jacqueline kline listed in critical condition. her family and fellow troopers are with her as she recovers from multiple injuries. debris litters route 100 in anne arundel county. investigators say that is where trooper jacqueline kline was early sunday morning. she was helping a fellow trooper when a car drove by and hit her. she landed in a nea
negotiateobama could on different concessions to raise the debt ceiling. democrats do not think it would happen. you could see both sides give a little or a lot on taxes and spending cuts. ande hit the debt ceiling watch to see what happens with the markets. >> that would be the worst-case scenario affecting everyone. hallie jackson, thank you. >> the shutdown is bring some business to baltimore attractions. people want to read book school trips because of closures in washington,...
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Oct 15, 2013
10/13
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ALJAZAM
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and raising the debt ceiling high enough to last until mid february. a key question, can house speaker john boehner get a senate deal through the house? so far conservatives have pushed the speak tore adop speaker to e on cutting spending and rolling bako bomb a care. they are weary of boehner. dismayed when forced to swallow the fiscal cliff deal in january. this time was to be different. but their strategy of tying government fund to go cutting obama care has failed. and with two days to go before possible default, house conservatives are back on the sideline. while senate gop leader mitch mcconnell searches for a last-minute deal with democrats. >> perhaps tomorrow will be a bright day. we are not there yet, we hope it will be. >> reporter: negotiations are at such a sensitive stage it was dealed as a positive development with a 3:00 p.m. monday meeting called here at the white house between house and senate leaders was postponed because they were hammering out details behind closed doors. back to you. >> thank you, mike viqueira reporting from the
and raising the debt ceiling high enough to last until mid february. a key question, can house speaker john boehner get a senate deal through the house? so far conservatives have pushed the speak tore adop speaker to e on cutting spending and rolling bako bomb a care. they are weary of boehner. dismayed when forced to swallow the fiscal cliff deal in january. this time was to be different. but their strategy of tying government fund to go cutting obama care has failed. and with two days to go...
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Jan 17, 2013
01/13
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FBC
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the debt ceiling is raised, the spending gets raised. and it never comes back down. >> that's right, it goes up and it never comes back down. in the past, sometimes we have insisted on cuts along the way. now we're finding ourselves in a position where we have $16.5 trillion of debt and cuts are not going to cut it anymore. it has to be more than cuts. it needs to be permanent structural spending reform. that's what we need. >> what john boehner headset is dollar for dollar. spending cuts with debt ceiling heights. what should they cut? give me a list. you might we talk about it from the standpoint of cuts, don't think cuts are going to do the job. we have to permanently reform the way washington spends money. >> okay, somebody want to to do that. >> we do that is through an approach that we referred to in the last debt limit debate is cat cut cabin balance for the short of it is to say that we can raise the debt limit we're not going to raise the debt limit, we shouldn't we put into place a balanced budget amendment to the constitution.
the debt ceiling is raised, the spending gets raised. and it never comes back down. >> that's right, it goes up and it never comes back down. in the past, sometimes we have insisted on cuts along the way. now we're finding ourselves in a position where we have $16.5 trillion of debt and cuts are not going to cut it anymore. it has to be more than cuts. it needs to be permanent structural spending reform. that's what we need. >> what john boehner headset is dollar for dollar....
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Oct 17, 2013
10/13
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ALJAZAM
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and raising the debt ceiling again in the middle of february. so we will be right back to have this discussion in just a few months. so, again, no real budget being passed in washington. the dysfunction continues, the vote in the house was 285-143. so you still have a majority of the republicans in the house voting against any kind of ideal. in the senate it was moreover women, almost everyone votes, almost all of the -- the majority of the republicans in the senate did vote for this bill. so the senate continues to be more moderate than the house on the republican side. but there is still some very serious divisions within the republican party and, again, no ability to cut a longer term deal that really deals with the deficit, with the debt with the real issues that face this country think president obama talked about this deal and he said that the american people had lost trust in washington. and there is little doubt about that. the wall street journal article that talked about the winners and losers in this whole debt and government shutdown
and raising the debt ceiling again in the middle of february. so we will be right back to have this discussion in just a few months. so, again, no real budget being passed in washington. the dysfunction continues, the vote in the house was 285-143. so you still have a majority of the republicans in the house voting against any kind of ideal. in the senate it was moreover women, almost everyone votes, almost all of the -- the majority of the republicans in the senate did vote for this bill. so...
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Oct 8, 2013
10/13
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ALJAZAM
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does not vote to raise the debt ceiling. it's not just a question of prioritizing with the money still coming in. it will have an effect of the social security checks and interest rates on consumers. the president sounding the alarmed time analarmtime and ti. the president has said time-and-time again he has enough votes. >> there have enough votes to support a clean spending bill. are the votes still there? >> he is probably right, tony. i have to tell you after years of covering the house of representatives, when push comes to shove you don't know how far they will go. you can expect the fast majority of rum republicans will stay wih the conservative base and the speaker himself is staying with the conservative base and voting with the government the middle of the road the mo moderate republicans which way will they go when push comes to shove. many have come out saying they would vote for a such a thing and possibly pushing them over the threshold. >> libby casey has been in washington all morning. what is happening on th
does not vote to raise the debt ceiling. it's not just a question of prioritizing with the money still coming in. it will have an effect of the social security checks and interest rates on consumers. the president sounding the alarmed time analarmtime and ti. the president has said time-and-time again he has enough votes. >> there have enough votes to support a clean spending bill. are the votes still there? >> he is probably right, tony. i have to tell you after years of covering...
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Oct 8, 2013
10/13
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MSNBCW
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raising the debt ceiling was never once seriously in doubt. yes, there are some stories in the past of people trying some stunts but did not work. but they never created a minute of doubt that the debt ceiling would be raised. including that stunt made by ted kennedy and walter mondale to attach campaign finance reform to another debt ceiling. what has happened many times over the years is that a debt ceiling increase has been included as a non-controversial and unnoticed item in a larger legislative vehicle. the debt ceiling was not forcing the big policy changes that might be in some of those bills. it was simply riding quietly along in the baggage compartment of those bills unseen by almost everyone. could be easily misled by the word amendment. can be almost indescribably complicated. it might look like the senate was unwilling to pass the debt ceiling without those amendments but in fact, probably most of the senators had no idea that the debt ceiling was the underlying vehicle, the chassis on which these amendments were sitting. a lot of
raising the debt ceiling was never once seriously in doubt. yes, there are some stories in the past of people trying some stunts but did not work. but they never created a minute of doubt that the debt ceiling would be raised. including that stunt made by ted kennedy and walter mondale to attach campaign finance reform to another debt ceiling. what has happened many times over the years is that a debt ceiling increase has been included as a non-controversial and unnoticed item in a larger...
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Oct 9, 2013
10/13
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MSNBCW
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ceiling is raised. both men spoke about the crisis later in the afternoon. >> the american people do not get to demand a ransom for doing their jobs. you don't get a chance to call your bank and say i'm not going to pay my mortgage this month unless you throw in a new car and an xbox. imagine if a democratic congress threatened to crash the global economy unless a republican president agreed to gun background checks or immigration reform. i think it's fair to say that republicans would not think that was appropriate. we can't make extortion routine as part of our democracy. democracy doesn't function this way. i know the american people are tired of it. and to all the american people, i apologize that you have to go through this stuff every three months, it seems like. and lord knows i'm tired of it. >> the long and short of it is there's going to be a negotiation here. in times like this, the american people expect their leaders to sit down and have a conversation. i want that conversation to occur now
ceiling is raised. both men spoke about the crisis later in the afternoon. >> the american people do not get to demand a ransom for doing their jobs. you don't get a chance to call your bank and say i'm not going to pay my mortgage this month unless you throw in a new car and an xbox. imagine if a democratic congress threatened to crash the global economy unless a republican president agreed to gun background checks or immigration reform. i think it's fair to say that republicans would...
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Oct 8, 2013
10/13
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ALJAZAM
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>> america does have a debt problem, but at the same time not raising the debt ceiling is not the way to handle the debt problem. at this point we have to raise the debt ceiling to avoid a catastrophic economic event. >> could a debt default, we've been talking about it with jonathan betz. could a debt default be worse or as bad as the crisis of 2008? >> it could have global ramifications. >> how so? >> for example, we might lose the credibility with our creditors abroad, so they may not be willing to buy any u.s. debt. even the bonds that we have out there now might become due, and we won't be able to roll that over and get anybody to lend money to us any more. >> that brings us to the point of the chinese vice foreign minister fro and from japan, wht would the international ramifications of a default be? what would they be? >> for example, the value of the dollar would tumble. that would have huge impacts on everybody globally. the u.s. currency is still the global currency. this would effect everybodi' economy. but locally here in the u.s. it would definitely have an impact on advi
>> america does have a debt problem, but at the same time not raising the debt ceiling is not the way to handle the debt problem. at this point we have to raise the debt ceiling to avoid a catastrophic economic event. >> could a debt default, we've been talking about it with jonathan betz. could a debt default be worse or as bad as the crisis of 2008? >> it could have global ramifications. >> how so? >> for example, we might lose the credibility with our creditors...
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Oct 10, 2013
10/13
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ALJAZAM
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senator rack paul says if you don't raise the debt ceiling we balance the budget. ben bernanke says default would be very costly to our economy. the debt ceiling is a very dangerous thin to play with. so these are the voices that have been driving -- >> you are listening to white house press secretary discussing the latest proposal by republicans that might end the debt ceiling crisis perhaps deal or no deal when it comes to the debt crisis. that clock ticking now, the october 17th deadline looming large. return now to mike who is at the white house, mike, you were listening in, are we listening to the talk of a break through or more bricksman ship. >> i have to tell you, i'm a little bit surprised. while with the leading the cav yet they want to see the details. clearly leading the door open to signing a short debt ceiling increased six week weeks is what is n the table. without opening the government first, yes, they want the government shut down to end. but clearly a lot of wiggle room here on both sides some developments today. no question about it. something o
senator rack paul says if you don't raise the debt ceiling we balance the budget. ben bernanke says default would be very costly to our economy. the debt ceiling is a very dangerous thin to play with. so these are the voices that have been driving -- >> you are listening to white house press secretary discussing the latest proposal by republicans that might end the debt ceiling crisis perhaps deal or no deal when it comes to the debt crisis. that clock ticking now, the october 17th...
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Oct 10, 2013
10/13
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ALJAZAM
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i'm talking about raising the debt ceiling, not the government shutdown. the debt ceiling is what i'm talking about. all governments spend more than they take in. this one in particular has to borrow, and they do that by printing money and selling debt to countries around the world. now the problem is there are some politicians who say it really doesn't matter if the debt ceiling isn't raised because the government is still bringing in money anyway through our tax -- >> if they pick and choose. >> if they pick and choose, basically, then things will be fine. jack lew's job, treasury secretary is to go in and say this cannot happen. after next thursday i will have $30 billion in the bank and that's all. and that's not enough. the last 224 years no congress has ever failed to raise the debt ceiling, and then he quoted ronald reagan by saying, even though the u.s.'s credit rating was downgraded two years ago, even with that, losing the aaa rating, the full faith and credit of the united states is still even today one of its greatest aspects. take a listen to
i'm talking about raising the debt ceiling, not the government shutdown. the debt ceiling is what i'm talking about. all governments spend more than they take in. this one in particular has to borrow, and they do that by printing money and selling debt to countries around the world. now the problem is there are some politicians who say it really doesn't matter if the debt ceiling isn't raised because the government is still bringing in money anyway through our tax -- >> if they pick and...
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Oct 9, 2013
10/13
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ALJAZAM
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he put forth his own bell to raise the debt ceiling. it's a -- it's pretty much doomed in the house. he says that the republicans fault. he said they keep changing the target. >> now the shut down is not the only crisis.. according to markt watch. if. we will come from the latest polling. 56 of americans say it will be a bad idea that the debt ceiling is not raised to 38%. it will be a good idea for the country. we have the economic chaos. it's up legitimate seniors that seen kwhrors not -- they will spepbs tpaoeu public anger about not raising the debt ceiling and pressure republicans even more. . >> we have new information for you on what has happenened here. let me move over so you can see the storm that we're talking about. the storm has upgradeed this hour of activity to a cyclone. a cyclone, typhoon, hurricane are all the same types of system. it just depends geographically what you're talking about. we're very concerned because it's a closed up area. it will make land fall somewhere and the new -- it is going to make land fall in
he put forth his own bell to raise the debt ceiling. it's a -- it's pretty much doomed in the house. he says that the republicans fault. he said they keep changing the target. >> now the shut down is not the only crisis.. according to markt watch. if. we will come from the latest polling. 56 of americans say it will be a bad idea that the debt ceiling is not raised to 38%. it will be a good idea for the country. we have the economic chaos. it's up legitimate seniors that seen kwhrors not...
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Jan 14, 2013
01/13
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KGO
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ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members are among the group of democrats meeting with vice president biden about gun control. the vice president could turn over his proposals to president obama as early as tomorrow. >> a month ago today, the shooting massacre at sandy hook elementary school shocked the nation. and re-ignited a fierce battle over america's relationship with guns. tomorrow, vice president biden will recommend a robust gun control game plan to president obama including stronger background checks for all gun purchases, a ban on high capacity magazine clips, and a renewed ban on assault weapons. >> my starting poi
ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members...
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Oct 7, 2013
10/13
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MSNBC
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he didn't vote for raising the debt ceiling. does that mean he's uncompromising. >> you look back stakes of the negotiation are radically different than they have been since 1981. >> actually, i don't think they are. but the deficit is radically different and radically higher than it has been. there's a cbo report just two weeks ago that said, look, if you don't address the long-term things this drop will be very temporary. you need to sit down talk about medicare, medicaid, social security, food stamps, farm programs. there's a lot of things in this. right now that's simply not happening. i don't think it's asking the president too much to sit down and talk. i mean, he is the commander in chief, the ceo of the largest executive organization in the world not even convening a discussion. >> is this a position republicans would be happy with if the tables were reversed, which is to say democrats and minority, a third of the government holding the country's economic rating -- >> by the way, it has been reversed. there were multiple
he didn't vote for raising the debt ceiling. does that mean he's uncompromising. >> you look back stakes of the negotiation are radically different than they have been since 1981. >> actually, i don't think they are. but the deficit is radically different and radically higher than it has been. there's a cbo report just two weeks ago that said, look, if you don't address the long-term things this drop will be very temporary. you need to sit down talk about medicare, medicaid, social...
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Oct 12, 2013
10/13
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ALJAZAM
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eye 138
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increasing debt ceiling is raising spending, even though that's been appropriated. earlier in the house the senate tried a couple of tactics, the democrats tried a couple of tactics. one was called getting a unanimous vote in the house and the other one was called a discharge petition, both of these were not successful. they were -- the limited tools that they have as a minority in the house they tried them, they didn't work. >> once again there's no script for this. it is serge not a movie although some would call it political feed. you do have a script. john terrett on capitol hill. thank you. >>> want to talk about this massive storm that is pummeling india's eastern coast. phailin worse part of this storm is hitting that area right now. local media have reported several deaths but we won't know that for sure. four times the size of hurricane katrina. fez shemeil is outside the eye of the storm. he has the latest. >> there's been black generosity, we have a generator but we are hearing all along the coast there is no power in most places. now here in ander prades
increasing debt ceiling is raising spending, even though that's been appropriated. earlier in the house the senate tried a couple of tactics, the democrats tried a couple of tactics. one was called getting a unanimous vote in the house and the other one was called a discharge petition, both of these were not successful. they were -- the limited tools that they have as a minority in the house they tried them, they didn't work. >> once again there's no script for this. it is serge not a...
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Jan 10, 2013
01/13
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MSNBC
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eye 119
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seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to understand that that's the only use of it. a coin isn't going to solve that problem. looking at a darn corners of the constitution will not solve that problem. >> what is -- you know, the problem -- that -- republicans seem to have is it the leadership sort of knows that they really shun be playing politics of the debt ceiling. but the rank and file, they don't want any part of that. they want to play politics. >> this is the problem. this is my problem with people who are spending a lot of time, smart people. friends of ours who are spending a lot of time talking about the kooky ideas. you
seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to understand that that's the only use of it. a coin isn't going to solve...
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Oct 13, 2013
10/13
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ALJAZAM
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no congress has ever failed to raise the debt ceiling. now, some politicians feel if the debt ceiling isn't raised, jack lew can just go on creatively spending by pry prioritizing spending. the government will have some money coming in through but economists the world over are saying no, no, no. there will be plenty of people who will not receive unemployment checks, social security checks, that sort of thing. the worse is if the u.s. doesn't pay its interest on the debts, on the loans that it has, it has length money to countries and -- companies all the way around the world. if they don't get those interest payments, there is a lack of trust, a loss of trust. that could lead, say, economists to some kind of global meltdown very, very quickly. it's very dangerous tom. >> more updates when they come in, john. thank you. >>> war veterans in washington sent a very clear mention to lawmakers on both sides of the aisle this morning. thousands showed up to rally. organizers of the quote million vet mercier veterans have been dishonored. they a
no congress has ever failed to raise the debt ceiling. now, some politicians feel if the debt ceiling isn't raised, jack lew can just go on creatively spending by pry prioritizing spending. the government will have some money coming in through but economists the world over are saying no, no, no. there will be plenty of people who will not receive unemployment checks, social security checks, that sort of thing. the worse is if the u.s. doesn't pay its interest on the debts, on the loans that it...
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Oct 7, 2013
10/13
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CSPAN
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eye 80
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the debt ceiling, that the longer you raise the debt ceiling or, the better, and we will -- the debt ceiling for, the better, and we will support a movement to raise the debt ceiling for year. that would certainly be viewed here is something we did support. but we don't get to make those determinations. what our position has always been was not raise it for a certain amount of time. it has been raise the debt ceiling without drama and delay. , ourver the duration position will not change, which is raise it so that the united states can continue to pay its bills and continue to ensure that the world knows we are good to our word and we fulfill our obligations, and when it comes up again, our position will still be, we will not negotiate over congress's responsibility is to pay the bills that congress racked up. so, i think a way to view this is really around the issue of certainty. constructive is past experience in our recent task here to demonstrate how this works. in 2011, republicans and the firstecided for time in our history to threaten default if they did not get what they want
the debt ceiling, that the longer you raise the debt ceiling or, the better, and we will -- the debt ceiling for, the better, and we will support a movement to raise the debt ceiling for year. that would certainly be viewed here is something we did support. but we don't get to make those determinations. what our position has always been was not raise it for a certain amount of time. it has been raise the debt ceiling without drama and delay. , ourver the duration position will not change, which...
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Oct 9, 2013
10/13
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ALJAZAM
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this is they're latest plan to re-open the government and raise the debt ceiling. is it a workable solution or a political ploy? >> we've heard this before. it's happened many times before, and these committees usually fail to come up with an agreement. i could envision a scenario. in fact, it's the most likely scenario right around the 17th both boehner and obama say, all right, we'll raise the debt ceiling and end the shutdown at least for a while in exchange for some committee that will look at options. maybe it will last for a couple of months. that means the cloud continues to persist. we could get into mid-december and have another crisis if this committee doesn't come up with anything meaningful. >> and they are watching overseas as well. how is the shutdown affecting global investors with interests here in the u.s.? >> for now it's not enormous, although the backup in yields on short-term bills yesterday was troubling. i would say for investors around the world there are two concerns. we've talked about default. i think default maybe is a 20% chance. it's n
this is they're latest plan to re-open the government and raise the debt ceiling. is it a workable solution or a political ploy? >> we've heard this before. it's happened many times before, and these committees usually fail to come up with an agreement. i could envision a scenario. in fact, it's the most likely scenario right around the 17th both boehner and obama say, all right, we'll raise the debt ceiling and end the shutdown at least for a while in exchange for some committee that...
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Jan 14, 2013
01/13
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the debt ceiling or exercise the responsibility that they have kept for themselves and raise the debt ceiling because this is about paying your bills. everybody -- everybody here understands this. i mean, this is not a complicated concept. you don't go out to dinner and eat all you want and then leave without paying the check. if you do, you're breaking the law. congress should think about it the same way that the american people do. now, if congress wants to have a debate about maybe we shouldn't go out to dinner next time, maybe we should go to a more modest restaurant, that's fine. that's a debate that we should have. but you don't say in order for me to control my appetites, i'm going to not pay the people who already provided me services. it's not meeting your obligations. you can't do that. that's not a credible way to run this government. we've got to stop lurching from crisis to crisis to crisis when there's this clear path ahead of us that simply requires some discipline, some responsibility, and some compromise. that's where we need to go. that's how this needs to work. majo
the debt ceiling or exercise the responsibility that they have kept for themselves and raise the debt ceiling because this is about paying your bills. everybody -- everybody here understands this. i mean, this is not a complicated concept. you don't go out to dinner and eat all you want and then leave without paying the check. if you do, you're breaking the law. congress should think about it the same way that the american people do. now, if congress wants to have a debate about maybe we...
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Oct 10, 2013
10/13
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CSPAN
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ok, we will vote to raise the debt ceiling. our people did not like any raising of the debt ceiling. we promised we would not spend so much. we promised we would reduce spending $2.1 trillion and a lot of cynics said congress would not adhere to that. that is exactly what the president did in january of 2012. he proposed to spend another trillion dollars above the amount of money we agreed to spend six months before. i did not really want to sign that agreement. i have taxes i want to increase. this is what is occurring. we have got to stand firm. adhere, at least, to the containment of the growth of spending that was in the budget control act. failure to do that is a capitulation in our promises to the american people, a total abandonment of any contention that we would be fiscally responsible. it is unthinkable that we would abandon the limits. the truth is, the sad truth is the budget control act reductions in the growth of spending do not come close to putting us on a firm financial footing. we are on an unsustainable debt
ok, we will vote to raise the debt ceiling. our people did not like any raising of the debt ceiling. we promised we would not spend so much. we promised we would reduce spending $2.1 trillion and a lot of cynics said congress would not adhere to that. that is exactly what the president did in january of 2012. he proposed to spend another trillion dollars above the amount of money we agreed to spend six months before. i did not really want to sign that agreement. i have taxes i want to increase....
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Oct 13, 2013
10/13
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KQED
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>> because it's called raising the debt ceiling, i think a lot of americans think it's raising our debt. it is not raising our debt. this does not add a dime to our debt. >>> two issues have paralyzed washington this month. the federal government shutdown, which began october 1, and the $16.7 trillion debt ceiling limit, which the government will hit on october 17th unless congress raises the debt limit. president obama and speaker boehner have been deadlocked over a clean debt ceiling extension, meaning no spending cuts attached versus a messy debt ceiling extension, meaning one with spending cuts or tax hikes attached. on thursday, house republicans presented mr. obama with a proposal, to end the debt ceiling deadlock. republicans will vote to raise the debt ceiling enough to last through november 22. in exchange, mr. obama will agree to negotiate with republicans over spending cuts. on wednesday, the president met separately with house democrats to prepare them for the coming compromises. according to congressman jerry conley, who was at the meeting. conley says obama told house demo
>> because it's called raising the debt ceiling, i think a lot of americans think it's raising our debt. it is not raising our debt. this does not add a dime to our debt. >>> two issues have paralyzed washington this month. the federal government shutdown, which began october 1, and the $16.7 trillion debt ceiling limit, which the government will hit on october 17th unless congress raises the debt limit. president obama and speaker boehner have been deadlocked over a clean debt...
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Jan 12, 2013
01/13
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we're gonna raise it most likely, the debt ceiling. we'll probably see a lot of discussion from the rating agencies with our ability to pay on that. and as a result of it, and what it comes back to our wallet, is that is also going to be inflationary because of our credit rating drops, that means we're going to have to go out and actually pay more money on the interest because there is going to be greater risk on our bonds, which means there will be less money in the economy and we'll see a ripple effect. bottom line, hyper inflation maybe, but definitely rising prices, less money in our pockets. >> okay. i think we're trying to -- starting to get it back to where i wanted to get with you, which is talk more about what this is going to mean for the average person at home and when we talk about credit ratings and credit histories, we all have our own credit ratings that we have to worry about that we try to maintain a good credit history and a good standing with potential lenders out there. so what does it mean, if i pay all of my bills
we're gonna raise it most likely, the debt ceiling. we'll probably see a lot of discussion from the rating agencies with our ability to pay on that. and as a result of it, and what it comes back to our wallet, is that is also going to be inflationary because of our credit rating drops, that means we're going to have to go out and actually pay more money on the interest because there is going to be greater risk on our bonds, which means there will be less money in the economy and we'll see a...
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Sep 26, 2013
09/13
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CNN
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to raise a debt ceiling but with a catch. looping with it, a lengthy list of gop priorities, from the keystone pipeline, tax reform, to delaying obama care for a year. it's a direct challenge to the president. >> i will not negotiate on anything when it comes to the full faith and credit of the united states of america. >> now, the president says i'm not going to negotiate. quell, i'm sorry, but it just doesn't work that way. >> reporter: the reality is republican leaders are also doing this as a negotiating tactic with their own restive conservatives. senior gop source admit to cnn they have learned the hard way to manage unpredictable hard-liners, leaders have to first show they're -- is it something you could support? >> i'm not sure. >> reporter: even this plan that democrats dismiss as gop -- doesn't satisfy some republicans. >> the plan right now does not address the spending. >> reporter: that brings us to the more imminent october 1st deadline over funding the government. >> we have no interest in seeing a government
to raise a debt ceiling but with a catch. looping with it, a lengthy list of gop priorities, from the keystone pipeline, tax reform, to delaying obama care for a year. it's a direct challenge to the president. >> i will not negotiate on anything when it comes to the full faith and credit of the united states of america. >> now, the president says i'm not going to negotiate. quell, i'm sorry, but it just doesn't work that way. >> reporter: the reality is republican leaders are...
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senators voted to disapprove of their previous votes to raise the debt ceiling. (laughter) i believe the motion was titled "s.r.-346, fiscal i call backsies." (laughter) and, folks, it was not easy for them to get this vote. mitch mcconnell had to negotiate with harry reid so that the recent debt ceiling bill included a provision that there would be a second vote expressing approval or disapproval of the first vote. (laughter) in short, g.o.p. senators voted for raising the debt ceiling on the stipulation they could vote against having voted for it. proving that republicans may not be bipartisan but they may be bipolar. (laughter). (cheers and applause) and these brave 27 statesmen led by mitch mcconnell took this stand for the noblest of reasons-- to get reelected. i for one cannot wait for the campaign ads-- so i didn't. jim? >> mitch mcconnell claims to be a small-government conservative but he voted with the democrats to raise the debt ceiling. but mitch mcconnell knows that was wrong. he took a stand against mitch mcconnell. (laughter) mitch mcconnell, wrong
senators voted to disapprove of their previous votes to raise the debt ceiling. (laughter) i believe the motion was titled "s.r.-346, fiscal i call backsies." (laughter) and, folks, it was not easy for them to get this vote. mitch mcconnell had to negotiate with harry reid so that the recent debt ceiling bill included a provision that there would be a second vote expressing approval or disapproval of the first vote. (laughter) in short, g.o.p. senators voted for raising the debt...
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Jan 15, 2013
01/13
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he wants to conduct those talks separately from the gop to raise the debt ceiling. he hopes by doing so he can avert a first ever national default. >> kelly wright live in washington. thank you. >>> it is time to take a look at who is talking. another big battle on capitol hill of course. the gun control debate. joe biden announced his task force regulations. we are hearing from one congressman who has a personal connection to this. >> despite the mash shoot something representative barber says he still supports the second mainedment. >> i feel very strongly that the second amendment should be protected and the supreme court has ruled and there's no question it is a right that all americans have a right to bear arms or have a rifle for that matter. but the issue of the magazines which were used in the shooting in tucson in january of 2011 that's one that we need to take a hard look at. the shooter in our case had 30 bullets in the magazine one more in the chamber in less than 45 seconds 19 people were down and 6 were killed. i saw my boss shot through the head i saw
he wants to conduct those talks separately from the gop to raise the debt ceiling. he hopes by doing so he can avert a first ever national default. >> kelly wright live in washington. thank you. >>> it is time to take a look at who is talking. another big battle on capitol hill of course. the gun control debate. joe biden announced his task force regulations. we are hearing from one congressman who has a personal connection to this. >> despite the mash shoot something...
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May 21, 2013
05/13
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CSPAN2
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now, this body may well vote to raise the debt ceiling, but if this body votes to raise the debt ceiling, we should do so after fair and open debate where the issue is considered and where the threshold is the traditional 60-vote threshold where we can address what i think is imperative that we fix the problem. when i -- when i travel across the state of texas, men and women stop me all the time and say enough of the games. go up there, roll up your sleeves, work with each other and fix the problem. and just getting a new credit card, jacking up the debt ceiling with no spending reforms, no structural reforms, no pro-growth reforms is a mistake, it's the wrong path. a senator: will the senator yield for a question? mr. cruz: i will yield. mrs. boxer: here's the question. the people in my state are saying the same thing. roll up your sleeves and attack the problems, because guess what? i remember when this budget was balanced when bill clinton was president. it took literally a few months before george w. bush gave a tax break and put it on the credit card, two wars on the credit card and
now, this body may well vote to raise the debt ceiling, but if this body votes to raise the debt ceiling, we should do so after fair and open debate where the issue is considered and where the threshold is the traditional 60-vote threshold where we can address what i think is imperative that we fix the problem. when i -- when i travel across the state of texas, men and women stop me all the time and say enough of the games. go up there, roll up your sleeves, work with each other and fix the...
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Oct 10, 2013
10/13
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increasing, it is not necessary to raise the debt ceiling. but only if the debt is not increasing. that's why we didn't have to raise the debt ceiling from 1997 to 2002. we have period like that. this isn't one of them. joining me now ezra klein and richard wolf. ezra, you "washington post" guys are very, very, very wealthy. i understand that. so i know. >> incredible. >> you are all fearing what the debt ceiling is going to do to your personal wealth. because even wizard of high finance like you cannot figure out a way to protect all of your wealth from what will happen if they don't raise the debt ceiling, right? >> that's why i bought a skrooge mcduck -- >> if you can't figure a we to hide from the impact of the crash that will happen itch the debt ceiling isn't raised, the koch brothers can't figure out a way either. they have too much money out there in the world. for me, my hope resides in the koch brothers. the koch brothers are going to say to these guys, do you have any idea how many billions we could lose next week if you clowns kee
increasing, it is not necessary to raise the debt ceiling. but only if the debt is not increasing. that's why we didn't have to raise the debt ceiling from 1997 to 2002. we have period like that. this isn't one of them. joining me now ezra klein and richard wolf. ezra, you "washington post" guys are very, very, very wealthy. i understand that. so i know. >> incredible. >> you are all fearing what the debt ceiling is going to do to your personal wealth. because even wizard...
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Jan 14, 2013
01/13
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KOFY
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ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members are among the group of democrats meeting with vice president biden about gun control. the vice president could turn over his proposals to president obama as early as tomorrow. >> a month ago today, the shooting massacre at sandy hook elementary school shocked the nation. and re-ignited a fierce battle over america's relationship with guns. tomorrow, vice president biden will recommend a robust gun control game plan to president obama including stronger background checks for all gun purchases, a ban on high capacity magazine clips, and a renewed ban on assault weapons. >> my starting poi
ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members...
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Oct 10, 2013
10/13
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they are offering to raise the debt ceiling on a short-term basis. a six-week boost of the debt ceiling. but it doesn't include with the government reopening or deal with the government reopening at all. john boehner told reporters that has they take this proposal to president obama nothing is on the table, but nothing is off of the table either. >> it's time for leadership, and time for this conversation to begin, and i would hope that the president would look at this as an opportunity and good faith effort on our part to move halfway. >> the house republican plan would forbid the treasury department from taking what is called extraordinary measures. when they hit the ceiling there are extrordanaire measures that can be taken to ensure bills are paid. so putting that off of the table will be unpalatable to the white house, and we have some other concerns, but we may see it hit the house floor as soon as today, dell? >> libby how realistic is this deal? >> the white house has said they really want to see the federal government reopened and that has t
they are offering to raise the debt ceiling on a short-term basis. a six-week boost of the debt ceiling. but it doesn't include with the government reopening or deal with the government reopening at all. john boehner told reporters that has they take this proposal to president obama nothing is on the table, but nothing is off of the table either. >> it's time for leadership, and time for this conversation to begin, and i would hope that the president would look at this as an opportunity...
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Jan 15, 2013
01/13
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raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up. and we need to pay them. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. but to even entertain the idea of this happening, of the united states of america not paying its bills is irresponsible. it is absurd. the full faith and credit of the united states of america is not a bargaining chip. and they had better choose quickly because time is running short. >> house republicans continued to threaten to use the debt ceiling as a bargaining chip. house republican conference chairwoman kathy rogers told "political" i think it is possible we would shut down the government to make sure that president obama understands that we're serious. well, i guess that would do it. we always talk
raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up. and we need to pay them. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. but to even entertain the idea of this happening, of...
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Oct 17, 2013
10/13
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ALJAZAM
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and wall street never doubted that the debt ceiling wouldn't be raised. so for me that's the remarkable thing, that wall street completely ignored washington, d.c., just set it to one side, and to it? of the opinion that the economists and investors, and market makers are of the opinion that maybe the biggest hurdle to sustain and enhance growth in the u.s. economy are the elected representatives in washington, d.c., based on the fact we could back here in three month's time. >> a lot of that data that we refer to has been backed up because of the shutdown. when is that going to be released? and how will it effect the ma t mafkt -- market? >> that's a good point. there is no piece of information that is more important in the world than the [ inaudible ]. and in october we were in furlough, so the figures didn't come out, so we don't know what the jobs report was for october. these are numbers geeks here, they love to crunch numbers. so i'm not sure if we will get a interim figure, or they will dump it into november. i don't know, but you need these number
and wall street never doubted that the debt ceiling wouldn't be raised. so for me that's the remarkable thing, that wall street completely ignored washington, d.c., just set it to one side, and to it? of the opinion that the economists and investors, and market makers are of the opinion that maybe the biggest hurdle to sustain and enhance growth in the u.s. economy are the elected representatives in washington, d.c., based on the fact we could back here in three month's time. >> a lot of...
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Apr 27, 2013
04/13
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>> no, but what i would advocate is not raising the debt ceiling. if you don't raise the debt ceiling, you can still make payments. we bring in $200 billion a month. our debt payment is $30 billion. you could pay our soldiers, social, medicare but not enough for research like roll up beef jerky or research on goldfish or $500,000 for a menu to mars. you would have to cut government but not raising the debt ceiling is going to a balanced budget. >> eric: have the house republicans let you down in this? they seem to be caving in on a lot of areas. how does it sit with you? >> i am not sure what they are going to do on the debt ceiling. i am for making a stand on the debt ceiling and always have. i think we could have the country come behind us. look at the sequester, increase in spending and the sky was falling they said. he shut down the tours at the white house same week he agreed to send $250 million more to egypt. so there is money but a matter of prioritizing. i think it's irresponsible to lay off air traffic controllers that we need while sendin
>> no, but what i would advocate is not raising the debt ceiling. if you don't raise the debt ceiling, you can still make payments. we bring in $200 billion a month. our debt payment is $30 billion. you could pay our soldiers, social, medicare but not enough for research like roll up beef jerky or research on goldfish or $500,000 for a menu to mars. you would have to cut government but not raising the debt ceiling is going to a balanced budget. >> eric: have the house republicans...
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Oct 13, 2013
10/13
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and now not raising the debt ceiling could shake the entire financial system. peter is a professor at the have been university of maryland. >> if we default on the debt as opposed to spending lesson domestic programs, then we are in default. the dollar is the primary pillar of the financial system. not only will we pay more for loans, but so will other countries. a fragile economy like italy, spain or brazil could be devastated by this. >> could we see a boomerang effect where it turns them to get back on their feet and come back to the u.s. in terms of exports and general health? >> yes. this is why it is so imperative that jacob lou have an alternative. he will still have 80% of the revenue to run the country and pay the debts. if he assures markets that we are going to give interest payments then it looks like the 21 day government shut down we had during the clinton years. the one we have right now is an in convenience. we are not closing down that much spending. in those days we did more. they are in a game of chicken with the republicans. that makes the c
and now not raising the debt ceiling could shake the entire financial system. peter is a professor at the have been university of maryland. >> if we default on the debt as opposed to spending lesson domestic programs, then we are in default. the dollar is the primary pillar of the financial system. not only will we pay more for loans, but so will other countries. a fragile economy like italy, spain or brazil could be devastated by this. >> could we see a boomerang effect where it...